StockWatch
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Oil Exploration & Production
Rights Issue19 Oct 2026, 11:43 am

Prabha Energy Converts 109,974 Partly Paid Shares

AI Summary

Prabha Energy Limited's Rights Issue Committee has approved the conversion of 109,974 partly paid-up Rights Equity Shares into fully paid-up equity shares. This includes 93,569 shares that were 67% paid-up and 16,405 shares that were 34% paid-up. The conversion follows the issuance of Reminder cum Forfeiture Notices for pending call monies. The company's Rights Issue Committee met on October 19, 2026, to approve this conversion.

Key Highlights

  • 109,974 partly paid-up shares converted to fully paid-up.
  • Conversion approved by Rights Issue Committee on Oct 19, 2026.
  • Includes shares that were 67% and 34% paid-up.
  • Follows issuance of Reminder cum Forfeiture Notices.